BTG Holders Prep Block Sale

Shareholders in BTG Pactual are scheduled to sell a block of shares today worth BRL193m ($95m), according to the BM&FBovespa. The sellers, identified only as holders outside the controlling group, are offering 6.5m units, or 5.4%, at BRL29.50 each. The price represents a 6.3% discount to Thursday’s BRL31.50 close. The shares had dropped 4.26% in Thursday’s session. BTG is managing the transaction.